Slide 1L ECTURE S IX : E CONOMIC E FFICIENCY IPEM Tohoku University Managerial Economics Lecturer: Jack Wu Period 3/ February 16 Slide 2 E CON E FFICIENCY : C ONDITIONS for…

Slide 1E CONOMIC E FFICIENCY Managerial Economics Jack Wu Slide 2 E CONOMIC E FFICIENCY Slide 3 E CON E FFICIENCY : C ONDITIONS for all users, same marginal benefit for all…

Slide 1 Estimating Marginal Returns To Medical Care: Evidence From At-risk Newborns Douglas Almond Joseph J. Doyle, Jr. Amanda E. Kowalski Heidi Williams Slide 2 Background…

Supply of Labor How do We Spend our Time? Working, playing, sleeping, eating, travelling, working out Simplify: work and leisure Time spent working is time not spent in leisure,…

Chapter 5 Demand: The Benefit Side of the Market Outline State the Law of Demand (LoD) and relate the LoD to the Benefit-Cost Principle Apply the Benefit-Cost Principle to…

Estimating Marginal Returns To Medical Care: Evidence From At-risk Newborns Douglas Almond Joseph J. Doyle, Jr. Amanda E. Kowalski Heidi Williams Background Previous studies:…